Uruguayan Foreign Minister Francisco Bustillo is off on a European tour seeking to further develop his country's trade ties as the last inflation index showed the government of President Luis Lacalle Pou was already above its 2022 targets.
The chairman of the Federal Reserve, Jerome Powell said on Friday that the job of lowering inflation is not done, and we will keep at it until we are confident the job is done. Powell was speaking at the Fed's annual conference in Jackson Hole, Wyoming, an event closely followed by markets and pundits, trying to anticipate future actions.
According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.
US President Joseph Biden Tuesday signed into law his Inflation Reduction Act concerning growing prices inflation, climate change, and other targets, which. He said it was one of the ”most significant laws in our history.
Former Argentine Economy Minister Nicolás Dujovne said people should retire at age 68, regardless of their sex, in a country where under current legislation men do so at 65 and women at 60.
After having almost three economy ministers in one month, it was no surprise to see Thursday that July's inflation was the highest since 2002, as the National Institute of Statistics and Census (Indec) released its latest report.
Argentina's Central Bank (BCRA) Thursday decided on a sharp rise in interest rates to calm down inflation projections. The measure was taken before data for July 2022 was released later in the day.
Argentina's National Institute of Statistics and Census (Indec) Thursday released its monthly report, which showed that the Consumer Price Index (CPI) had risen 5.3% in June 2022, after a 5.1% increase in May for a 64% yoy adjustment and 36.2% in the first half of 2022.
An IMF mission recently visited Uruguay to discuss with local authorities economic developments, including recovery from the pandemic, the war in Ukraine and the country's policy priorities. The report released on return of the IMF mission to Wahsington pointed out that the economic recovery continues at a firm pace supported by high agricultural commodity prices and strong investment.
Brazil's Central Bank (BCB) CEO Roberto Campos Neto said Monday that the worst part of inflation in his country was over, after the proper tools to curb the process had been taken.